When most Americans think about Life Insurance they immediately think of protection in the case of their death. That protection would be in the form of a death benefit their loved ones would receive at the time of their death. These proceeds can help replace income, pay off expenses associated with dying (funeral & estate costs) or pay your children’s college costs. There are two basic forms of life insurance; term and whole life.
What most people do not realize is that Life Insurance can offer certain benefits, other than just protection against death, that when used properly can be an extremely effective part of your overall retirement plan.
To learn more about the benefits of life insurance, contact a licensed representative today.
IRS Circular 230 Disclosure: As required by Federal Regulations, we inform you that any tax advice contained herein was not written or intended to be used (and cannot be used) for the purpose of avoiding federal tax penalties, or for the purpose of promoting, marketing, or recommending any transaction or matter to another party.